Ritchie Bros. has secured unused Drake equipment that is currently in high demand for its National Unreserved Auction in August.
With global OEM production slow-moving due to the pandemic, main dealers running low on stock, and delivery schedules of new machines stretching into 2022, Ritchie Bros. regional sales manager Dale Spedding is encouraging consignors with good quality stock to bring their assets to market.
“The market appetite for good, late-model used equipment and machinery with low hours has burgeoned over the last 12 months with no sign of demand slowing down. This is a trend not just in Australia, but globally,” said Spedding.
“We have seen late-model machines in good nick sell for more than they are to buy new, simply because of the long wait times for new machines and the amount of demand we’re seeing in the market.
“We have just consigned an unused 2021 Drake 4 Row of 4 Hydraulic Widening Low Loader and an unused 2021 Drake 2 Row of 4 Low Loader Dolly to our upcoming National Unreserved Auction in August. These assets are in hot demand with an 18-month wait on Drake equipment.
“Drake Trailers are a beloved brand built tough for Australian conditions and manufactured right here at home. It always performs well in our auctions. We’re expecting a lot of interest.”
Andrew Dunstan, owner operator of family business Dunstan’s Low Loader Haulage said he recently waited a massive 18 months for a Drake trailer. The longest he has waited is two years.
“I believe Drake trailers are the best in the southern hemisphere and you have to wait for the best,” said Dunston. “The drawcard for these two unused Drake trailers going to auction will be the long lead time to buy new and the fact they will sell unreserved to the highest bidder on the day. The successful bidder will be able to pick up their Drake trailer the very next day.”
In 2021, Ritchie Bros. has delivered record-breaking national auction results, with online buyer participation reaching new heights. The industry leader has taken all its auctions online and adapted to ensure customers are confident when bidding online offering inspection reports, photos and service records.
The Australian National Unreserved Online Auction, running August 25-26, is set to maintain high demand across the transport sector. “We already have 900 assets consigned to our auction in August, with more to be added daily,” said Spedding.
Bidders can expect to see items for sale across the transport, construction, mining, and agricultural industries. The event will be held exclusively online with those interested in bidding urged to register to bid on the day. Day one of the auction (August 25) will be dedicated to construction and crushing gear while day two (August 26) will focus on transportation and agriculture assets.